Trend-Following Backtester · Guide · backtest 한국어

equity · NL

PostNL NV backtest

10 trend-following strategies were compared on the full daily history of PostNL NV. 10 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 2.4%, MDD -30.6%).

Data 1998-07-21 ~ 2026-07-30daily bars 7,212 (28.0 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -8.7%, drawdown -94.9%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 4.6%, MDD -33.7%, Sharpe 0.36, 9% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 13.3%p higher than buy and hold, while drawdown improves by 61.2%p (CAGR 2.4%, MDD -30.6%, exposure 11%).

The alternative must retain 75% of buy-and-hold CAGR, improve drawdown by at least 20% and 5 percentage points, and stay below 95% exposure; the ranking weights return retention 60% and drawdown improvement 40%.

Strategy · parametersCAGRMDDSharpeCalmarTotalTradesExposure
ROC 모멘텀
n=54, threshold=0.23
4.6%-33.7%0.360.143.6x989%
Donchian 채널 돌파
entryN=96, exitN=24
3.9%-44.2%0.320.092.9x5023%
Keltner 채널 돌파
emaPeriod=72, atrPeriod=26, mult=4
3.2%-46.1%0.290.072.4x3818%
볼린저 밴드 돌파
n=67, k=2.1
3.3%-50.2%0.270.072.5x6826%
ADX / DI 방향성
period=25, threshold=26
2.4%-30.6%0.270.081.9x5411%
SMA 크로스오버
fast=29, slow=61
3.5%-82.3%0.260.042.6x11045%
EMA 크로스오버
fast=16, slow=219
1.7%-41.3%0.180.041.6x5041%
Supertrend
period=10, mult=5
0.3%-71.1%0.140.001.1x7446%
Parabolic SAR
step=0.005, maxStep=0.02
-1.9%-77.5%0.06-0.020.6x13047%
MACD
fast=23, slow=59, signal=35
-7.0%-94.5%-0.11-0.070.1x21152%
Buy and hold-8.7%-94.9%-0.04-0.090.1x1100%
0.1 1x 1999 2003 2007 2011 2015 2019 2023 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -47% -71% -95% 1999 2003 2007 2011 2015 2019 2023 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -33.7% (1999-01-06 → 2009-09-02), recovered after 4,793 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

Method and caveats

Past performance does not guarantee future returns. Parameters were selected on the same full-history sample using sharpe over 40 trials per strategy, so results contain in-sample bias. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-run the same setupAll asset reports

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